Below is an elaborative review of Blue Guardian Prop Firm-its pros and cons. It goes deep into one of the new entrants into the world of prop trading, which in the shortest time has managed to make a name for itself in providing traders access to meaningful capital and a friendly environment in which to grow. It was for this reason that Blue Guardian was established: to empower skilled traders who, for one reason or another, could not get the funding to leverage their talents in the forex and futures markets. Since then, Blue Guardian has grown organically to gain recognition in offering structured funding solutions to traders. Focusing on practical evaluation criteria and transparent rules, the firm attracts a diverse set of traders who are looking for a seamless path toward the management of larger accounts.
Blue Guardian Prop Firm was established in order to fill the gap between retail traders and professional access to markets, with some of the best practices integrated into prop trading.
In this Blue Guardian Prop Firm Review: Pros and Cons we will give a comprehensive view of key features setting the firm apart and its limitations. This review will delve deep into what Blue Guardian has on offer, be it just to get started in prop trading or in the context of seeking a switch toward a more supportive firm. This review shall help you, by the end, to find out if the Blue Guardian Prop Firm is in line with your trading goals.
Pros Blue Guardian Prop FirmÂ
- Customizable account types
- Diverse trading instruments
- Effective risk management tool
- Copy trading is allowed
- Using trading bots is also allowed
- Multiple assets available
- Excellent Trustpilot Rating: 4.7/5
- Three Unique Finance Projects
- Professional Trader Dashboard
- Up to 1:100 leverage
- Guard Function Scaling Plan
- Biweekly Payouts
- News Trading OK
- Generous 85% Profit Split
- Flexible Trading Time Frames
- Variety of Account Types
- Access to Diverse Trading Instruments
- Offers withdrawals for 0 fees
- Provides access to the advanced MetaTrader 4 platform
- No profit targets after the evaluation phase
- Low audition fees from 87 USD
Cons of Blue Guardian Prop Firm
- Calls are not supported by customer support
- Bi-weekly withdrawal limit
- Maximum Daily Drawdown depending on Equity Infinite Guardian
- 8% Initial Drawdown Rapid Guardian
- Destroy After Destroy
- High Leverage (1:100)
Education And Supports of Blue Guardian Prop Firm
Guardian Blue does not have any training resources, only a trading blog. The blog has some lessons on how to use the company’s tool, Guardian Protector, which blocks traders if they start to lose more money than their daily loss limit. It is such a good tool that helps you never break the daily loss rule and stay in the game for the long term. This tool, among many others, is provided within the trader’s dashboard. The performance metrics of the traders are also shown on the dashboard to facilitate the checking of statistics.
Blue Guardian provides different flexible support options such as Live Chat, Email Support, and Phone Support. There is also an extensive FAQ section that addresses general information queries about the firm and its products. The website is supported, along with the support, in the English language alone.
Unlimited Guardian Evaluation Program Account Rules
- Profit Target: A predetermined percentage of profit that the traders must achieve to complete an evaluation phase or take out the profit or scale up the size of the account. There is an 8% profit target for Phase 1, whereas the profit target for Phase 2 is 4%. However, there are no profit targets for sponsored accounts.
- Daily Maximum Loss: The maximum amount one can lose within a single day, from which an account shall be considered in violation. Whatever the size of an account, the maximum daily loss is 4%.
- Maximum Loss: This simply implies the maximum amount of money to be lost before declaring the account in violation. Whatever be the size of an account, the maximum loss is 8%.
- Third-party copy trading risk: It also entails being careful with third-party copy trading services, since using the same trading strategy as someone else may lead to account rejection or withdrawal if one of them breaks the maximum capital allocation limit.
- Third-Party EA Risk: Those traders who rely on third-party EAs fall into the risk category called Third-Party EA Risk. There is a very high possibility of risk when several traders are using the same EA and trading strategy. Overwriting the maximum limit of capital allocation can lead to rejection in funded accounts or withdrawal.
Fees Blue Guardian Prop Firm
The fee at Blue Guardian is a one-time and refundable fee. For 10k accounts, the lowest fee will cost 87 USD, and for 200k accounts, depending on the funded account, these fees go up to 947 USD. Additionally, various accounts have varying fees. Unlimited guardian starts at an 87 USD fee on a 10,000 USD account, elite from 120 USD, and rapid from 97 USD. EightCap offers spreads starting from 0.1 pips, and charges a commission of $6 per round turn for each lot traded.
Trading Platforms
MT4 advanced platform. It supports automated trading and custom indicators, along with numerous inbuilt technical indicators and tools. MT4 is available on desktop and mobile.
Trading Instruments
At Blue Guardian Capital, traders have access to a diverse range of trading instruments, providing opportunities for various trading strategies. These instruments include:
- Foreign Exchange (FX) Pairs
- FX Exotics
- Indices
- Gold and Other Commodities
- Cryptocurrencies
Frequently Asked Questions (FAQs)
What is Blue Guardian’s profit split?Â
- Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive 85% profit splits, with traders keeping the majority of their earnings once funded.
Which Broker Does Blue Guardian Use?
- Their broker is a tier-1 liquidity provider that offers the best simulated real market trading conditions in the world. On the trading platforms side, if you are working with Blue Guardian, they allow you to trade on either MetaTrader 5, Match-Trader, or TradeLocker.
What are the available account sizes at Blue Guardian?Â
- Blue Guardian offers various account sizes, ranging from small starter accounts to larger, more substantial funded accounts.
Is there a time limit to complete the evaluation?Â
- No, Blue Guardian does not impose a time limit on the evaluation phase, allowing traders to pass the challenge at their own pace.
What leverage is offered by Blue Guardian?Â
- Traders can use leverage up to 1:100, providing ample flexibility for various trading styles.
How long does it take to receive a payout?Â
- Blue Guardian is known for its rapid payout processing, typically within 3 to 5 business days after a withdrawal request.
Are EAs & Trade Copiers allowed?
- EAs are allowed. You may use EAs (Expert Advisors) that you setup to suit your own strategy or trading style.
Is copy trading allowed?
- Copy trading is allowed at your disposal only from personal accounts that are legally bound to the account holder. They allow copy trading between Blue Guardian accounts, copy trading from funded to evaluation accounts and vice versa, copy trading between Blue Guardian account and external accounts.
